Job Creation : The Irish Innovation Fund

Yesterday Brian Cowen launched the Innovation Fund, a €500 million startup investment fund, which will be seeded by the state and US venture capitalists (50/50 split). While the academic response was somewhat muted – Karl Whelan on Irish Economy was underwhelmed by the size of the fund. Entreprenuer, and founder of Iona Technologies, Chris Horn was very impressed. Seeing this as important as the seismic shift in the 1950’s when Ireland opened up to FDI – I have been slightly …

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Job Creation : The importance of startups

Interesting report from the Kauffman Foundation on job creation by startups in the USA and it’s importance. The oft-quoted American sports slogan, “Winning isn’t everything. It’s the only thing!” could well be attributed to the economic importance of firm formation in creating jobs. A relatively new dataset from the U.S. government called Business Dynamics Statistics (BDS) confirms that startups aren’t everything when it comes to job growth. They’re the only thing. Policy makers take note – Job growth is driven, …

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Job Creation : The Art of The Start

Before new businesses can scale to create lots of jobs, entreprenuers must take on the risk of founding a startup. Most will fail. Guy Kawasaki’s classic Art of The Start video gives a decent overview of what he thinks is required from technology start up founders from the perspective of a venture capital investor. In four parts below (You Tube) or watch it all in one go one Google Video. MackNo bio, some books worth reading – The Rational Optimist: …

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Job creation: What Andy Grove giveth, Deng Xiaoping taketh away

Excellent article (“How to Make an American Job Before It’s Too Late”) on job creation by ex-Intel CEO Andy Grove on Bloomberg. He highlights how the US tech industry has been cannibalising itself, potentially cutting America off from future streams of innovation by the pursuit of higher profit margins now. While Silicon Valley remains a hub of innovation, the jobs that spring from that innovation increasingly go to Asia and not to the USA. The story comes to mind of …

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